Tpg Gp A LLC Buys 260,473 Shares of Comcast Corporation $CMCSA

Key Points

• Tpg Gp A LLC increased its stake in Comcast Corporation by 18.1%, acquiring an additional 260,473 shares during the first quarter, bringing their total holdings to over 1.6 million shares.
• Analyst ratings for Comcast show a mix of sentiment, with a consensus rating of "Hold" and a price target of $40.73, despite several firms lowering their price objectives recently.
• Comcast announced a quarterly dividend of $0.33 per share, with a yield of 3.9% and a payout ratio of 21.82%, to be paid on October 22nd.

TPG GP A LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 18.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,698,667 shares of the cable giant's stock after purchasing an additional 260,473 shares during the period. Comcast makes up 1.2% of TPG GP A LLC's holdings, making the stock its 18th biggest position. TPG GP A LLC's holdings in Comcast were worth $62,681,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC purchased a new position in Comcast in the first quarter valued at $26,000. Abound Financial LLC purchased a new stake in shares of Comcast during the first quarter worth about $29,000. Retirement Wealth Solutions LLC boosted its position in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates boosted its position in Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. Rosenblatt Securities boosted their target price on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Rothschild & Co Redburn decreased their target price on shares of Comcast from $44.00 to $35.00 in a report on Friday, June 20th. Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Barclays decreased their target price on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Scotiabank upped their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $40.73.

Comcast Stock Performance

Shares of CMCSA traded down $0.24 during midday trading on Wednesday, hitting $33.89. 17,907,194 shares of the stock traded hands, compared to its average volume of 19,702,632. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31. The firm has a market capitalization of $125.13 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The business's 50 day moving average price is $34.10 and its two-hundred day moving average price is $34.72.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 earnings per share. Equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast's payout ratio is presently 21.82%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.